Winners and Losers: The Macroeconomic Effects of Falling Energy Prices

Yves Jégourel

No 1501, Policy briefs on Commodities & Energy from Policy Center for the New South

Abstract: The fall in oil prices since mid-2014 is due to the combination of excess supply and a lack of demand in a sluggish global economy. However, the price level cannot be the only variable to consider in a prospective analysis of the macroeconomic effects of this drop: futures structure and price volatility are fundamental explanatory elements.

Date: 2015-01
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